Compare Plus500 vs RoboMarkets - CFD Broker Comparison

Compare Plus500 vs RoboMarkets

Plus500 vs RoboMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100Web Trader & Apps2,000+CySEC, FCA, ASIC, FSCA, FMA, MAS & IE
$100MT4, MT5, R Trader11,000+CySEC, IFSC

Plus500 vs RoboMarkets Comparison

Plus500 does not charge commissions, RoboMarkets does, but also offers accounts without this charge. RoboMarkets can offer more markets to trade on its R Trader Platform than Plus500, though Plus500 has a wider range of markets available. Both have the same minimum deposit of $100.

Each broker provide support for discretionary trading, while RoboMarkets also supports automated trading with its ECN accounts and the provision of MT4 and MT5.

Plus500UK Ltd is authorized and regulated by the FCA (#509909). Plus500CY Ltd is authorized and regulated by CySEC (#250/14). Plus500SG Pte Ltd is licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018). Plus500AU Pty Ltd (ACN 153301681) is licensed by: ASIC in Australia, AFSL #417727 and FMA in New Zealand, FSP #486026 and is an authorised Financial Services Provider in South Africa, FSP #47546. RoboMarkets is regulated by the CySEC in Cyprus and the IFSC in Belize.

Quick comparison

RoboMarkets has more markets than Plus500 on its web trader, but Plus500 has a wider range. RoboMarkets also offers MT4 and MT5, with considerably less markets, but competitive for STP/ECN trading.

Minimum deposit and account types

The minimum deposit for Plus500 is $100. The minimum deposit for RoboMarkets is $100.

  • Plus500 provides CFD trading. It offers an Economic Calendar on its website covering news events and market effects.
  • RoboMarkets offers accounts based around its three platforms, MT4, MT5 and R Trader. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and Pro-ECN account. MT4 additionally offers a Fix-Cent, a Fix-Standard, and ECN-Pro NDD and an ECN-Fixed Spread NDD and an MT4 Prime account. RoboMarkets's R Trader is a web trading platform, which has many more markets available than the other accounts. RoboMarkets also offers a CopyFX account (which supports transaction copying) and a RAMM account (which supports strategy copying).
  • RoboMarkets's minimum deposit for all accounts except MT4 Prime is $100. The minimum deposit for MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboMarkets offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available.
  • RoboMarkets provides RoboForex Analytics on its website. This offers a range of tools including analysis, signals, videos and education. It offers StrategyQuant for building MT4 robots and the R Trader Strategy Builder.

Markets

  • Plus500 offers Forex pairs, Indices, Energy, Metals, Cryptocurrencies, Stocks, ETFs, Soft Commodities, Bonds and Options, with 2000+ available.
  • RoboMarkets's Cent account offers Forex and Precious Metals, for a total of 35+.
  • RoboMarkets's Standard and ECN accounts offer Forex, Indices, Energy, Precious Metals and Cryptocurrencies, for a total of 45+.
  • On its R Trader account, RoboMarkets offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 11,000+.

Plus500 provides 55+ Forex pairs, RoboMarkets provides 45+ Forex pairs (on R Trader).

Cryptocurrency CFDs

  • Plus500 provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, EOS, IOTA, NEO, Monero, Stellar, Cardano and TRON.
  • RoboMarkets offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, EOS, IOTA, NEO, Dash, Bitcoin Gold, Golem, OmiseGO, Qtum and Monero.

Spreads and leverage

  • Plus500 offers fixed and variable spreads depending on the instrument.
  • On RoboMarkets's Pro-Cent and Pro-Standard accounts, the average spread for EUR/USD is 1.6 and Gold 2.23. On the ECN accounts the minimum spread for EUR/USD is 0.1, Gold 0.8 and US Crude Oil 0.01. On the Prime account, the minimum spread for EUR/USD is 0.0, Gold 0.4 and US Crude Oil 0.01

Maximum leverage for Plus500 is . Maximum leverage for RoboMarkets (CySEC regulated) is .

Commissions

  • Plus500 does not charge commissions.
  • RoboMarkets commission are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.

Platforms

Plus500 provides a web trader and apps on a range of devices. RoboMarkets offers MT4 and MT5 desktop, MT4 and MT5 apps, an MT4 web trader and R Trader.

Why Plus500 or RoboMarkets ?

Both offer web traders with a relatively large number of markets, thus supporting traders who wish to trade making their own trading decisions. While RoboMarkets has more markets on its web trader, Plus500 has a wider range. RoboMarkets also provides MT4 and MT4 and ECN trading accounts, supporting traders who with to use automated trading strategies.

Comparison summary

  • Plus500 offers trading without a commission charge
  • RoboMarkets provides trading with or without a commission charge
  • On R Trader, RoboMarkets offers more CFDs to trade
  • Plus500 has a wider range of markets to trade
  • RoboMarkets also offers trading on MT4 and MT4, including ECN trading
  • RoboMarkets can offer low spreads plus a commission charge
  • Plus500 can provide tight spreads without a commission charge

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